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6,1 The nominal, risk-free rate on T-bills recently is 4.06%. If the real rate of interest is 0.76%, what is the expected level of inflation?

6,1

The nominal, risk-free rate on T-bills recently is 4.06%. If the real rate of interest is 0.76%, what is the expected level of inflation? The expected level of inflation, IP, is \%. (Round to two decimal places.)

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